Always unsettling to read Bill and Dan's latest explanation of the slow, impending plane crash of our economy, our way of life, perhaps our nation.
Their charts and persuasive, eloquent explanations of them beg for an explanation from those who are piloting this disastrous course.
I've always contended that it's due to an fatal omission in our Constitution. Since it does not mandate fiscal prudence, we elect to Congress and to the Presidency individuals who do not promise to be good stewards of the public purse
Instead, we elect people who promise to give us ever greater access to the public trough. Hardly a day goes by where in my neck of the woods there's not a story about my city receiving a Federal grant for this or that
Worse: the candidate who promises fiscal prudence is never elected. Without these brave representatives, no change to Federal spending far in excess of revenue will ever occur.
When the Constitution was ratified, and for more than a hundred years thereafter, the federal government had to scratch for revenue. And for most of that period opposition to a central (money-printing) bank was fierce. The real damage came after the ratification of the income-tax amendment in 1913, the same year in which the Federal Reserve was hatched.
Regarding this, "I've always contended that it's due to an fatal omission in our Constitution. Since it does not mandate fiscal prudence," I'm not convinced it matters. After all, the Constitution does spell out clearly what our money is, and that is totally ignored. I do agree that your next points are excellent.
NO system, no contract, no code, no compact, no charter, no constitution is safe or bullet-proof, because humans are fallible. If you want to thread this particular needle in this particular time, you are going to have to find a principled dictator who is a strict constitutionalist, and even that will only last a brief while. It's our turn in the drum. Best always. PM
Probably nothing everyone does not already know. Although, Thursday, June 13th, POTUS #46 is meeting with global heads of state at the G7 summit in **Apulia** 🇮🇹 Italy.🇮🇹
How wonderful, right. Oh wait, there’s this… US Treasury Secretary Janet Yellen called for the G7 to be more "ambitious" in how it can use sanctioned Russian frozen funds to help Kyiv.
** The Sacra Corona Unita (SCU), or United Sacred Crown, is a Mafia-like criminal organization from the region of Apulia (in Italian Puglia) in Southern Italy, and is especially active in the areas of Brindisi and Lecce [and not, as people tend to believe, in the Puglia region as a whole.
Don’t know whether to laugh or cry about the decision to have some international [G7] racketeers meeting in Italy’s Puglia region, home to the SCU.
Best Coincidences to All,
Mark
P.S. The Pandora Papers [4 Oct 2021] revealed that Ukraine had the highest number of politicians from any country with a secret offshore account.
Forbes Magazine [by James P. Moore, Jr. 22 Feb 2024] said that Ukraine owes it to the West to clean up the outrageous corruption.
Foreign Policy Magazine [by Adrian Karatnycky, a senior fellow at the Atlantic Council and the founder of Myrmidon Group 6 March 2024] asked how deep does the corruption in Ukraine run?
2 generations ago, the product of gaslighting was called "bosh". My grandparents and their cohorts would tell me what I was inventing was a "bunch of bosh". Today, we just take two letters of that word and use "BS". There's nothing cool about inflation. Using the rule of 72, we can see that inflation at a cool 3.3% per annum causes prices to double in 21.8 years, meaning that with 3.3% inflation, it takes 21.8 years for money to lose HALF its value. That's not cool. I can still hear my Grandmother telling me the story of the Gingerbread Man. "Come along, come along, as fast as you can. You can't catch me; I'm the Gingerbread Man!" Well, we all know what happened to the Gingerbread Man, because he bought his own bosh. Best always. PM
It's so pathetic to see inflation numbers and hear how "markets" react. I just came out of a grocery store and they were selling Reiner cherries for 12.99/ lb. I chuckled and kept walking to the next aisle. Until we all force governments to make inflation data real it's a foolish a dangerous game for everyone. Also war will ensure wealth transfer and power transfer reset before revolution occurs. Interesting times for this human experiment.
One of the reasons the official inflation numbers don't seem to "add up" is because the cost of the inflation-adjusted government spending programs (e.g., Social Security) will be reduced if the inflation numbers that are used for the annual COLA adjustments are less than they might otherwise would have been.
Obviously the gov needs lower rates to reduce its debt or control it. I think Powell's primary motivation is causing reality for the communists running Europe and trying to get control of the US i.e. the Davosians. If US doesn't remain independent from the worse indebted Europe then the big banks that own the Fed will succumb to the Davosians. They would then take over the Fed or the big banks for Davosian ideas, communist ideas or elite ideas. That has to be a prime consideration for Powell. At the same time society is realizing that all this leftist narrative is simply BS, surely Powell realizes this. He has to know who is boss is, come on. I think Powell will hold rates high enough to screw the Davosians yet remain in office. Those higher rates would bring money back to the US. That would at least bring a bit of what America was built on, capitalism. Not enough but we might at least retain some freedom from the Davosian desire to control us. A long battle but a noble one.
I think Powell is saying one thing and doing another. He wants interest rates to stay high to inflate away the debt. He may keep everyone on a hook for many months more about interest rate cuts in the future.
I am not a financial expert, nor an economist, but because interested in both history and macro-economics, I am always reading your articles with greatest interest and much appreciate your naming problem babies by the name. This comment with an attached link, though, has nothing to do with your report. As it stands, I am writing to you out of Switzerland, do have a link of an independent journalist in German for quite some time in my hands, and only yesterday received a link with same coverage in English. The particular link ( deals with the Four-Plus-Two Treaty between Russia and Germany), which, according to my experience is nowhere discussed in Europe’s media world. The point in question: tomorrow, Russia’s third and final authority, the Duma, might approve cancellation of said Treaty, and Putin will then be forced to execute its cancellation. My question: should that happen, what impact may we have to expect on the European market – at least?
Maybe. I doubt it can be known. Danielle Di Martino Booth, who worked at the Fed for Fischer, thinks Powell is a patriot. Many of Powells actions indicate he is concerned more about eventual Fed ownership, like the fact that he hasn't lowered rates despite the EU desperate need for lower rates and they lowered last week. It is rumored that Yellen and Powell aren't on speaking terms where Yellen is part of the Davosian team, trying to drive US into bankruptcy but still retain power in top positions. Powell sure didn't ease up on his interest rate hikes but certainly he doesn't want to be removed from office and again rumors are that the socialists/communists are trying to get him removed since he is blowing up their plans. It is a conspiracy plan but everything has been a conspiracy plan that has came true.
So, in my 3rd grade math, inflation is up only 3.3% this month over last year. That was ?% over the year before, that was over ?% over the year before that, and on and on and on. And by the way, through 1965 and 1969, I got a BS degree in a Big Five college for 16k. How much does that same schooling cost this year? Don't forget to vote!
YEP. UNCLE SAM'S BROKE. YEP. UNCLE SAM OR THE DEEP STATE OR WHATEVER, IN THE PERSONA OF FED HEAD POWELL IS PULLING THE MARIONETTE STRINGS ONCE AGAIN BLATHERING ON ABOUT WHEN, WHERE AND HOW INTEREST RATES WILL BE IS UP TO THE PUPPET MASTER, NOW BEING PLAYED BY JEROME. AND, EXACTLY WHO IS PULLING HIS STRINGS. WOULD SOMEBODY PLEASE TELL ME WHO THIS DEEP STATE GUY IS?
MEANWHILE, BACK AT THE RANCH, IT'S 4 MONTHS AND 22 DAYS UNTIL ELECTION DAY. STILL TIME FOR MEN OF GOOD WILL TO TURN THEIR BACKS ON THE TOTALLY CORRUPTED TWO PARTY SYSTEM, AND ELECT CONSTITUTIONAL, REPRESENTATIVE GOVERNMENT OF HONEST, TRUE STATESMAN. GOOOOOOO THIRD PARTY. TO KEEP DOING THE OLD TWO PARTY SYSTEM IS, ACCORDING TO EINSTEIN, INSANITY. YEP, IT'S TIME FOR ALL GOOD MAN TO ACT, ACT, ACT.
What’s wrong with living on credit, if you’re rich?
It’s like buying borrowing money at 0% interest rate if you pay off the entire balance every month. Plus you actually get incentive points and credit along the way, so essentially you’re borrowing at 0% and getting an incentive. Nice! 😃😂
Cut interest rates in December and…..we wish you a Merry Christmas, we wish you a Merry Christmas, we wish you a Merry Christmas, and a Happy New Year!
DOW 42,000 January 2025 as the 2024 Christmas rally becomes the highest in history.
A double whammy, with The Son of Fred, The American Savior, President Donald Trump in the Oval Office, and you can take that to the bank! 🤩
Always unsettling to read Bill and Dan's latest explanation of the slow, impending plane crash of our economy, our way of life, perhaps our nation.
Their charts and persuasive, eloquent explanations of them beg for an explanation from those who are piloting this disastrous course.
I've always contended that it's due to an fatal omission in our Constitution. Since it does not mandate fiscal prudence, we elect to Congress and to the Presidency individuals who do not promise to be good stewards of the public purse
Instead, we elect people who promise to give us ever greater access to the public trough. Hardly a day goes by where in my neck of the woods there's not a story about my city receiving a Federal grant for this or that
Worse: the candidate who promises fiscal prudence is never elected. Without these brave representatives, no change to Federal spending far in excess of revenue will ever occur.
When the Constitution was ratified, and for more than a hundred years thereafter, the federal government had to scratch for revenue. And for most of that period opposition to a central (money-printing) bank was fierce. The real damage came after the ratification of the income-tax amendment in 1913, the same year in which the Federal Reserve was hatched.
Regarding this, "I've always contended that it's due to an fatal omission in our Constitution. Since it does not mandate fiscal prudence," I'm not convinced it matters. After all, the Constitution does spell out clearly what our money is, and that is totally ignored. I do agree that your next points are excellent.
NO system, no contract, no code, no compact, no charter, no constitution is safe or bullet-proof, because humans are fallible. If you want to thread this particular needle in this particular time, you are going to have to find a principled dictator who is a strict constitutionalist, and even that will only last a brief while. It's our turn in the drum. Best always. PM
“ Hard times create strong men
Strong men create good times
Good times create weak men
Weak men create hard times”
Thank you BPR for keeping it real!
When a picture is worth …a little photoshopping… here ‘ya go - https://tinyurl.com/28657su3
Probably nothing everyone does not already know. Although, Thursday, June 13th, POTUS #46 is meeting with global heads of state at the G7 summit in **Apulia** 🇮🇹 Italy.🇮🇹
How wonderful, right. Oh wait, there’s this… US Treasury Secretary Janet Yellen called for the G7 to be more "ambitious" in how it can use sanctioned Russian frozen funds to help Kyiv.
** The Sacra Corona Unita (SCU), or United Sacred Crown, is a Mafia-like criminal organization from the region of Apulia (in Italian Puglia) in Southern Italy, and is especially active in the areas of Brindisi and Lecce [and not, as people tend to believe, in the Puglia region as a whole.
Don’t know whether to laugh or cry about the decision to have some international [G7] racketeers meeting in Italy’s Puglia region, home to the SCU.
Best Coincidences to All,
Mark
P.S. The Pandora Papers [4 Oct 2021] revealed that Ukraine had the highest number of politicians from any country with a secret offshore account.
Forbes Magazine [by James P. Moore, Jr. 22 Feb 2024] said that Ukraine owes it to the West to clean up the outrageous corruption.
Foreign Policy Magazine [by Adrian Karatnycky, a senior fellow at the Atlantic Council and the founder of Myrmidon Group 6 March 2024] asked how deep does the corruption in Ukraine run?
2 generations ago, the product of gaslighting was called "bosh". My grandparents and their cohorts would tell me what I was inventing was a "bunch of bosh". Today, we just take two letters of that word and use "BS". There's nothing cool about inflation. Using the rule of 72, we can see that inflation at a cool 3.3% per annum causes prices to double in 21.8 years, meaning that with 3.3% inflation, it takes 21.8 years for money to lose HALF its value. That's not cool. I can still hear my Grandmother telling me the story of the Gingerbread Man. "Come along, come along, as fast as you can. You can't catch me; I'm the Gingerbread Man!" Well, we all know what happened to the Gingerbread Man, because he bought his own bosh. Best always. PM
It's so pathetic to see inflation numbers and hear how "markets" react. I just came out of a grocery store and they were selling Reiner cherries for 12.99/ lb. I chuckled and kept walking to the next aisle. Until we all force governments to make inflation data real it's a foolish a dangerous game for everyone. Also war will ensure wealth transfer and power transfer reset before revolution occurs. Interesting times for this human experiment.
One of the reasons the official inflation numbers don't seem to "add up" is because the cost of the inflation-adjusted government spending programs (e.g., Social Security) will be reduced if the inflation numbers that are used for the annual COLA adjustments are less than they might otherwise would have been.
Obviously the gov needs lower rates to reduce its debt or control it. I think Powell's primary motivation is causing reality for the communists running Europe and trying to get control of the US i.e. the Davosians. If US doesn't remain independent from the worse indebted Europe then the big banks that own the Fed will succumb to the Davosians. They would then take over the Fed or the big banks for Davosian ideas, communist ideas or elite ideas. That has to be a prime consideration for Powell. At the same time society is realizing that all this leftist narrative is simply BS, surely Powell realizes this. He has to know who is boss is, come on. I think Powell will hold rates high enough to screw the Davosians yet remain in office. Those higher rates would bring money back to the US. That would at least bring a bit of what America was built on, capitalism. Not enough but we might at least retain some freedom from the Davosian desire to control us. A long battle but a noble one.
I think Powell is saying one thing and doing another. He wants interest rates to stay high to inflate away the debt. He may keep everyone on a hook for many months more about interest rate cuts in the future.
I responded but clicked the wrong button. My response is above my original comment.
Dear Mr. Bonner,
I am not a financial expert, nor an economist, but because interested in both history and macro-economics, I am always reading your articles with greatest interest and much appreciate your naming problem babies by the name. This comment with an attached link, though, has nothing to do with your report. As it stands, I am writing to you out of Switzerland, do have a link of an independent journalist in German for quite some time in my hands, and only yesterday received a link with same coverage in English. The particular link ( deals with the Four-Plus-Two Treaty between Russia and Germany), which, according to my experience is nowhere discussed in Europe’s media world. The point in question: tomorrow, Russia’s third and final authority, the Duma, might approve cancellation of said Treaty, and Putin will then be forced to execute its cancellation. My question: should that happen, what impact may we have to expect on the European market – at least?
Attach: https://emea01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1GpQdIQoQnl5Nk9uCek1SCkLFenzm1mq4%2Fview%3Fusp%3Ddrivesdk&data=05%7C02%7C%7C78cd269de8ae43c2272108dc8b159990%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638538172086995506%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=%2B6mJrxyHt5y3LKUCyDPYdQarrso4IZ6uNxtom%2BhxsP8%3D&reserved=0
Maybe. I doubt it can be known. Danielle Di Martino Booth, who worked at the Fed for Fischer, thinks Powell is a patriot. Many of Powells actions indicate he is concerned more about eventual Fed ownership, like the fact that he hasn't lowered rates despite the EU desperate need for lower rates and they lowered last week. It is rumored that Yellen and Powell aren't on speaking terms where Yellen is part of the Davosian team, trying to drive US into bankruptcy but still retain power in top positions. Powell sure didn't ease up on his interest rate hikes but certainly he doesn't want to be removed from office and again rumors are that the socialists/communists are trying to get him removed since he is blowing up their plans. It is a conspiracy plan but everything has been a conspiracy plan that has came true.
Well, Trump has already declared that he will replace Powell if he wins in November.
Politics definitely makes strange bedfellows.
Thanks I had not heard that. Trump seems to believe in loose money. Powell seems to believe in tighter money.
So, in my 3rd grade math, inflation is up only 3.3% this month over last year. That was ?% over the year before, that was over ?% over the year before that, and on and on and on. And by the way, through 1965 and 1969, I got a BS degree in a Big Five college for 16k. How much does that same schooling cost this year? Don't forget to vote!
PLEASE FORGIVE CAPS ALMOST BLIND
YEP. UNCLE SAM'S BROKE. YEP. UNCLE SAM OR THE DEEP STATE OR WHATEVER, IN THE PERSONA OF FED HEAD POWELL IS PULLING THE MARIONETTE STRINGS ONCE AGAIN BLATHERING ON ABOUT WHEN, WHERE AND HOW INTEREST RATES WILL BE IS UP TO THE PUPPET MASTER, NOW BEING PLAYED BY JEROME. AND, EXACTLY WHO IS PULLING HIS STRINGS. WOULD SOMEBODY PLEASE TELL ME WHO THIS DEEP STATE GUY IS?
MEANWHILE, BACK AT THE RANCH, IT'S 4 MONTHS AND 22 DAYS UNTIL ELECTION DAY. STILL TIME FOR MEN OF GOOD WILL TO TURN THEIR BACKS ON THE TOTALLY CORRUPTED TWO PARTY SYSTEM, AND ELECT CONSTITUTIONAL, REPRESENTATIVE GOVERNMENT OF HONEST, TRUE STATESMAN. GOOOOOOO THIRD PARTY. TO KEEP DOING THE OLD TWO PARTY SYSTEM IS, ACCORDING TO EINSTEIN, INSANITY. YEP, IT'S TIME FOR ALL GOOD MAN TO ACT, ACT, ACT.
SINCERELY,
LIAM
What’s wrong with living on credit, if you’re rich?
It’s like buying borrowing money at 0% interest rate if you pay off the entire balance every month. Plus you actually get incentive points and credit along the way, so essentially you’re borrowing at 0% and getting an incentive. Nice! 😃😂
Cut interest rates in December and…..we wish you a Merry Christmas, we wish you a Merry Christmas, we wish you a Merry Christmas, and a Happy New Year!
DOW 42,000 January 2025 as the 2024 Christmas rally becomes the highest in history.
A double whammy, with The Son of Fred, The American Savior, President Donald Trump in the Oval Office, and you can take that to the bank! 🤩
Uncle Sam doesn't pay his balance off every month. He foists it onto us. Best always. PM
Uncle Sam “aka” Warren Buffet, Soros, Biden, Harris, Newman, Bezos, Zuckerhoney, Bankman, Simons, Marcus, Hoffman, Hastings, Stryker, Ballmer, Mandel, Fowler, Secunda, Saban, Shaw, Broad, Larsen, Laufer, Bass, Wynn, Gates, ect…
They are “Uncle Sam”, and’s like Satan, they appear in many forms!
They most definitely pay their tab at the end of each and every month. They “Want You!”
hahaha 😂
Oh, yes, those crumb-bums submit their tab every month, but WE pay it. Best always. PM
As is written on these pages By Bill and His ambassage, All great rulers come to an end. Some slowly and some very fast.
If no longer investing in I Bonds, where or what is a good alternative???
James Dotson